QLD Brisbane Units?

Discussion in 'Property Analysis' started by Alex123711, 30th Sep, 2019.

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  1. Alex123711

    Alex123711 Well-Known Member

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  2. Sackie

    Sackie Well-Known Member Premium Member

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    If your after CG I generally wouldn't touch units, new or old. Though old would be much better than new.
     
  3. MWI

    MWI Well-Known Member

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    Agree with @Sackie. Are they to be IPs or reno and resale, what's the purpose for investing and what is your strategy for investing into property?
    I would not own individual units the only exception is I own the whole block for future redevelopment so I really have total control over Strata, what I do to them....and I own whole block of land too.
     
  4. Alex123711

    Alex123711 Well-Known Member

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    I would prefer house, but the holding costs are off-putting, atleast units rent comes close to covering repayments/ body corp
     
  5. Sackie

    Sackie Well-Known Member Premium Member

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    Don't forget special levies. I recently just paid 20k on one.

    If you can get a house in a good area with minimal holding costs, I think your chances of doing better is greater.
     
  6. MWI

    MWI Well-Known Member

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    I paid $12K about 3 years ago for brick pointing, about 100 year old building needed it plus was a development next door. BUT, you and I are probably talking about SYD rather than BRI?
     
  7. Alex123711

    Alex123711 Well-Known Member

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    Thanks, that's a good point, how common are special levies? I would think if the sinking fund is / body corp fees are run properly it wouldn't be necessary?
     
  8. Sackie

    Sackie Well-Known Member Premium Member

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    If you hold a few unit assets long enough, at some point you're bound to get one. If the sinking fun has an overwhelming amount of money then it would be paid from that but I wouldn't count on this happening every time.